Ethiopia
Ethiopia calculators
With the values in force in Ethiopia, the source of each one and the date we checked it.
Official data, updated automatically
An automated process checks the official sources every day. Rule changes go live after we verify them.
- Last review of the rules
- Latest automatic figure
- Indicative daily exchange rate, birr per US dollar (weighted average),
- Official sources
- 5 official documents
Pay and work
Pay and extras
- Net salary calculator EthiopiaEnter your gross monthly salary and see what reaches your bank account. Income tax and your pension contribution are shown line by line, the way they appear on a payslip.
- Overtime calculator EthiopiaOvertime is any work beyond your normal daily hours. Enter your monthly salary and the overtime you worked to see what your employer owes on top of your salary.
- Annual leave calculator EthiopiaEvery worker in Ethiopia has a right to paid annual leave that cannot be given up. Enter your years of service to see how many days you are owed and what the days still to take are worth.
- Hourly to salary calculatorHow much is your salary per hour? What does an hourly offer come to per year? Enter an amount, pick the period and we show all the others.
- Pay raise calculatorYou have been offered a raise, or you are about to ask for one. Enter your pay and the raise, as a percentage or an amount, and see how much changes each month and year.
- Time card calculatorPick the start and end time for each day, your unpaid break and your hourly pay. We show total hours, overtime and your pay for the week.
Leaving a job
- Severance pay calculator EthiopiaWhen a job ends for one of the reasons in Article 39 of the Labour Proclamation, the worker is owed severance pay. Some reasons add compensation on top. Enter your salary, your years of service and why the job ended.
- Final settlement calculator EthiopiaWhen your employment ends you may be owed several amounts at once. Enter your salary, service, the reason the job ended and your untaken leave to see the full final settlement.
- Notice period calculator EthiopiaAn employer who ends a contract of indefinite duration has to give written notice. How long depends on the worker's years of service. Enter the service to see the notice due.
Taxes
- Employment income tax calculator EthiopiaEmployment income tax (Schedule A) is withheld by your employer every month. Enter your taxable income and see how much tax comes off, which band you are in and the deduction that goes with it.
- Pension contribution calculator EthiopiaEvery private sector employee in Ethiopia contributes to the pension fund run by POESSA, and the employer adds its own share. Enter a gross monthly salary to see both parts and the total.
- Employer cost calculator EthiopiaHiring in Ethiopia costs more than the gross salary. On top of it the employer pays its share of the private sector pension. Enter the salary to see the monthly and yearly cost, and what you have to withhold and pay over.
- VAT calculator EthiopiaValue added tax in Ethiopia is charged at 15% on most goods and services. Enter an amount and choose whether to add VAT or take it out of a price that already includes it.
Money and indexes
Loans, savings and investing
- Loan calculatorBefore you sign for a loan, two numbers matter: what you pay each month and what the loan costs you in interest.
- APR to APY calculatorTwo offers with the same rate can cost different amounts. The difference is how often interest is charged or paid.
- Mortgage calculatorA mortgage is the biggest debt most households ever take on. It pays to see the full numbers before you talk to a lender.
- Rent vs buy calculatorComparing the mortgage payment with the rent is not enough. Buyers pay interest, upkeep and property tax, but they end up owning the home. Renters can keep the down payment invested.
- Compound interest calculatorWith compound interest, the interest is added to your balance and starts earning interest of its own. That is why savings grow faster and faster.
- Simple interest calculatorSimple interest is always worked out on the original principal: interest is not added to the balance during the term.
- Savings goal calculatorA trip, a car, a deposit on a home or a cushion for surprises. A goal with an amount and a date is much easier to hit.
- Retirement savings calculatorA state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.
- Credit card payoff calculatorA credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.
- 50/30/20 budget calculatorThe 50/30/20 rule is a simple way to plan your month. Half goes to essentials, 30% to things you enjoy and 20% to savings.
- Emergency fund calculatorAn emergency fund is money set aside for what you can't plan for: losing your job, a health problem or an urgent home repair.
- Car cost calculatorMost people know what they spend on fuel. Few add up insurance, maintenance, parking and, above all, the value the car loses every year.
Business and self-employment
- ROI calculatorA 50% gain sounds great, but it is not the same over 2 years as over 10. To compare investments you need the return per year.
- Profit margin calculatorMargin and markup get mixed up all the time, and the difference can cost you money. Both measure the same profit, but against a different base.
- Break-even calculatorThe break-even point is the level of sales where a business neither makes nor loses money. Below it you lose, above it you start to profit.
- Freelance rate calculatorThe most common freelance mistake is taking the salary you would want as an employee and dividing it by 160 hours. That leaves out taxes, expenses, vacation and every hour you can't bill.
Other calculators
- Net to gross salary calculator EthiopiaMany job offers in Ethiopia are agreed as a net figure. Enter the net salary you want each month and the calculator finds the gross salary your employer has to put on the payroll.
- Public holiday pay calculator EthiopiaPublic holidays are paid holidays in Ethiopia. If you are asked to work on one, Article 75 of the Labour Proclamation sets the pay for each hour you work.
- Sick leave pay calculator EthiopiaAfter probation, a worker who cannot work because of illness has a right to sick leave of up to six months in any 12-month period. Enter your salary and the days you have been off to see what you are paid.
- Maternity leave calculator EthiopiaA pregnant worker in Ethiopia has a right to paid leave before and after the birth. Enter the expected date of birth to see when the leave starts and ends.
- Withholding tax calculator EthiopiaBusinesses and bodies named as withholding agents have to keep back part of what they pay suppliers and pass it to the tax authority. Enter the amount and the kind of supply to see how much to withhold.
- Rental income tax calculator EthiopiaIndividuals who rent out a building, a home or a warehouse pay rental income tax under Schedule B. Enter your taxable rental income for the year to see the tax and your band.
- Business income tax calculator EthiopiaIndividuals who run a business and keep books pay business income tax on their taxable profit under Schedule C. Enter your taxable income for the year to see the tax.
- Dividend, interest and royalty tax calculator EthiopiaDividends, interest, royalties and winnings from games of chance are each taxed at a flat rate on the gross amount. Choose the type of income and enter the amount to see the tax and what is left.